Cluster Manager – Finance Controls

Job description

**Job Purpose** This position is open with Bajaj Finance ltd.Culture Anchor:Have high ambitions - Inspires the team to aim for higher targets and supports in achieving themOwn It - Acknowledges uncertainty and makes changes in own decisions/ actions for better outcomes **Duties and Responsibilities** - Review of design & implementation of Operational Risk Management (ORM) framework - Review of design, implement and Testing (TOD/TOE) of Internal Control over Financial Reporting (ICOFR) framework. - Conceptualization, documentation & implementation - Financial Control Chart Framework - Preparation of Risk Control Matrix (RCM) & Process, Flow Chart for Finance & Treasury processes - Ensure that risks are appropriately identified, documented and reported in compliance with laws, regulations and internal policies and standards. - Back testing of Completeness of control environment from Trial Balance, periodic Monitoring & Testing of Controls. - Timely release of reports for executives, senior management & key stakeholders - Collaborate with cross functional heads & intern department verticals to implement an effective Operational Risk Management Framework (ORMF) within Finance function to ensure operational risks and controls are being managed appropriately in a proactive& disciplined manner to meet external/ internal requirements. - Perform testing and validation on control gap remediation efforts, once the remediation action plan has been reported as implemented through the RCP. - Follow-up on open issues & exceptions for remediation & closure - First point of contact for Statutory Auditors to satisfy ICOFR related queries - Project Management Run and / or Support various Risk and Control projects. Work with business units to enable them to deploy solutions. - Automate ORM & FCC framework - Tool/ system evaluation and implementation - Demonstrate tangible benefits of Finance Control Chart **Required Qualifications and Experience** Practice Emotional Intelligence - Develops the team, supporting them to do moreListens to others, stays calm under pressure, and treats everyone with respect.